# Covington Capital Management

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1323119. Source: https://holderbook.com/funds/1323119-covington-capital-management/

- Reported value: $2.3B
- Positions: 1,182
- Weight of the ten largest: 24.6%
- Filed: 2022-11-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $106.7M | 458,329 | 4.6% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $93.1M | 673,739 | 4.0% | 16 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $91.6M | 1,590,799 | 4.0% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $49.8M | 98,635 | 2.1% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $47.1M | 99,826 | 2.0% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $46.0M | 406,880 | 2.0% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $40.6M | 282,343 | 1.8% | 16 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $33.7M | 131,051 | 1.5% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $30.6M | 320,306 | 1.3% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $30.3M | 84,928 | 1.3% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $30.2M | 109,504 | 1.3% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $28.8M | 330,512 | 1.2% | 16 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $28.6M | 364,959 | 1.2% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $28.5M | 106,779 | 1.2% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $27.7M | 169,513 | 1.2% | 16 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $27.3M | 134,759 | 1.2% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $26.6M | 730,100 | 1.1% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $26.1M | 271,235 | 1.1% | 16 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $25.8M | 50,851 | 1.1% | 16 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $25.7M | 57,896 | 1.1% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $25.4M | 242,723 | 1.1% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $24.9M | 684,072 | 1.1% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $24.8M | 288,024 | 1.1% | 16 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $24.7M | 255,162 | 1.1% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $24.6M | 138,264 | 1.1% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $23.9M | 273,970 | 1.0% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $23.2M | 141,802 | 1.0% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $22.3M | 556,956 | 1.0% | 16 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $21.5M | 299,065 | 0.9% | 16 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $20.8M | 414,221 | 0.9% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $20.1M | 103,203 | 0.9% | 16 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $18.9M | 303,460 | 0.8% | 16 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $18.5M | 269,469 | 0.8% | 16 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $17.5M | 45,196 | 0.8% | 16 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $16.8M | 104,955 | 0.7% | 16 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $16.1M | 511,382 | 0.7% | 6 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $16.1M | 118,933 | 0.7% | 16 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $15.3M | 82,222 | 0.7% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $14.8M | 180,462 | 0.6% | 10 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $14.5M | 36,036 | 0.6% | 16 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $14.4M | 26,169 | 0.6% | 16 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $14.4M | 172,964 | 0.6% | 16 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $14.3M | 62,154 | 0.6% | 15 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $13.8M | 88,984 | 0.6% | 16 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $13.5M | 37,495 | 0.6% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $13.0M | 95,694 | 0.6% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $12.9M | 101,974 | 0.6% | 16 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $12.8M | 153,357 | 0.6% | 13 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $12.7M | 91,421 | 0.5% | 16 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $12.7M | 112,225 | 0.5% | 16 |
| INVESCO EXCH TRADED FD TR II | [PGX](https://holderbook.com/stocks/PGX/) | $12.6M | 1,061,804 | 0.5% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $12.6M | 331,728 | 0.5% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $12.5M | 66,572 | 0.5% | 16 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $12.4M | 47,988 | 0.5% | 16 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $12.4M | 206,308 | 0.5% | 16 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $12.3M | 54,600 | 0.5% | 16 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $12.2M | 147,307 | 0.5% | 16 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $12.0M | 397,322 | 0.5% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $11.6M | 207,149 | 0.5% | 16 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $11.4M | 60,541 | 0.5% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $11.3M | 119,907 | 0.5% | 16 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $11.3M | 438,315 | 0.5% | 16 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $11.2M | 129,800 | 0.5% | 16 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $10.9M | 73,006 | 0.5% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $10.8M | 46,733 | 0.5% | 16 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $10.7M | 95,604 | 0.5% | 16 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $10.7M | 66,374 | 0.5% | 16 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $10.6M | 95,096 | 0.5% | 16 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $10.6M | 192,572 | 0.5% | 16 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.5M | 239,102 | 0.5% | 16 |
| PRINCIPAL EXCHANGE TRADED FD | [PREF](https://holderbook.com/stocks/PREF/) | $10.1M | 604,728 | 0.4% | 7 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $10.0M | 48,299 | 0.4% | 13 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $10.0M | 46,166 | 0.4% | 16 |
| HALOZYME THERAPEUTICS INC | [HALO](https://holderbook.com/stocks/HALO/) | $9.8M | 247,500 | 0.4% | 2 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $9.8M | 586,540 | 0.4% | 16 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $9.5M | 40,680 | 0.4% | 16 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $9.3M | 97,989 | 0.4% | 16 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $9.2M | 90,170 | 0.4% | 16 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $9.2M | 56,147 | 0.4% | 16 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $9.2M | 33,247 | 0.4% | 16 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $8.9M | 160,109 | 0.4% | 16 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $8.8M | 104,788 | 0.4% | 16 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $8.7M | 92,586 | 0.4% | 6 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $8.5M | 58,790 | 0.4% | 16 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $8.5M | 46,536 | 0.4% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $8.5M | 37,411 | 0.4% | 16 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $8.1M | 54,828 | 0.4% | 16 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $8.1M | 89,479 | 0.3% | 16 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $8.0M | 183,962 | 0.3% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $7.9M | 22,093 | 0.3% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $7.7M | 27,008 | 0.3% | 16 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.5M | 28,244 | 0.3% | 16 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $7.3M | 100,179 | 0.3% | 16 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $7.3M | 30,449 | 0.3% | 10 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $7.3M | 24,029 | 0.3% | 16 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $7.3M | 96,913 | 0.3% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $7.2M | 55,731 | 0.3% | 16 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $7.2M | 68,274 | 0.3% | 16 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $7.0M | 54,135 | 0.3% | 16 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $6.5M | 39,712 | 0.3% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2022 | -5.5% | -5.3% | -0.2% | 100% |
| Q2 2022 | -14.6% | -16.5% | +1.8% | 100% |
| Q1 2022 | -5.4% | -4.9% | -0.5% | 100% |
| Q4 2021 | +9.7% | +10.7% | -0.9% | 100% |
| Q3 2021 | -0.1% | +0.3% | -0.4% | 100% |
| Q2 2021 | +6.8% | +8.0% | -1.2% | 100% |
| Q1 2021 | +3.9% | +6.0% | -2.1% | 100% |
| Q4 2020 | +11.5% | +11.6% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $2.3B | 1,182 |
| Q2 2022 | $2.5B | 1,059 |
| Q1 2022 | $2.8B | 1,089 |
| Q4 2021 | $2.9B | 993 |
| Q3 2021 | $2.6B | 998 |
| Q2 2021 | $2.6B | 931 |
| Q1 2021 | $2.3B | 840 |
| Q4 2020 | $2.2B | 774 |
| Q3 2020 | $2.0B | 754 |
| Q2 2020 | $1.8B | 744 |
| Q1 2020 | $1.5B | 755 |
| Q4 2019 | $1.9B | 874 |